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9.09%

1.0¢ sunstone metals ltd

Thanks mate, I sort of understand what you’re saying anyway...

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Stinkdong101

8 Posts.

20/10/21

20:28

Post #: 56949776
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Originally posted by alphabette: ↑

I think you'll find STM never did trade at $3.00 as historical charts would suggest.

Historical charts are often adjusted to allow for splits, consolidations, rights issues, spin-offs etc.

STM, or Avalon as they were known back then completed as share consolidation of 1 share for every 10 shares on 18/11/2014, which meant that all historical price data prior to the split would've been multiplied by a factor of 10, in order to smooth out the chart. The share price on the historical chart on the day of consolidation shows 30 cents.

To kinda prove the company never traded at $3.00, if you were to look at STM's announcements around the time when the historical chart says it was trading at a close of exactly $3.00 on the 30/5/2008, you'd find that the company completed a share placement comprising 6.6 million shares at 15.5 cents per share on the 27/3/2008, so unlikely the price rose 1,835% in that time, given what they were doing during that time period. But it is what I hope will happen to our share price once we've peppered El Palmar with holes.

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Thanks mate, I sort of understand what you’re saying anyway let’s hope this one keeps going.

STM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $36.65M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$10.40K	955.2K

Buyers (Bids)

No.	Vol.	Price($)
29	10757396	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	444988	10

View Market Depth

No.	Vol.	Price($)
29	10757396	0.010
18	6620965	0.009
3	1127124	0.008
4	1071713	0.007
1	1200000	0.006

Price($)	Vol.	No.
0.011	444988	10
0.012	2621567	7
0.013	2201000	6
0.014	1936892	2
0.015	3870315	4

Last trade - 16.10pm 15/05/2024 (20 minute delay)


Last 1.1¢			Change -0.001 ( 4.55 %)
Open	High		Low	Volume
1.1¢	1.1¢		1.0¢	193748
Last updated 15.59pm 15/05/2024 ?

STM (ASX) Chart

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